Entire Section

  • CIR 14.1.1 CIR 14.1.1

    (1) This chapter applies, subject to (4), to:
    (a) a Fund Manager of a Domestic Fund;
    (b) each Director or partner of the Fund Manager;
    (c) if the Fund Manager is a Corporate Director, the individuals who are Directors of that Corporate Director; and
    (d) if the Fund has a Governing Body, each member of that body.
    (2) This chapter also applies to an Authorised Firm, and each of its Directors or partners, where such a Firm is not the Fund Manager and undertakes the marketing of Units of a Domestic Fund.
    (3) This chapter also applies to other specified Persons to the extent so specified.
    (4) Only this Rule and the following requirements in this chapter apply to, or in relation to, a Qualified Investor Fund:
    (e) Rules in section 14.6.
    Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
    [Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]
    [Amended] DFSA RM218/2018 (Made 22nd February 2018). [VER23/12-18]
    [Amended] DFSA RMI279/2020 (Made 28th October 2020). [VER29/11-20]

    • CIR 14.1.1 Guidance

      1. An External Fund Manager must also comply with the requirements in this chapter, because it is managing a Domestic Fund (i.e. a Fund established or domiciled in the DIFC — See Article 13(2)(a) of the Law).
      2. A Fund that is an Incorporated Cell of an Incorporated Cell Company (i.e. a Fund on a Fund Platform) will be a Domestic Fund as the Incorporated Cell is established under the DIFC Companies Law and the ICC Regulations.
      Derived from RM72/2010 (Made 11th July 2010). [VER13/07-10]
      [Amended] DFSA RM137/2014 (Made 21st August 2014). [VER17/06-14]
      [Amended] DFSA RMI248/2019 (Made 18th December 2019) [VER26/12-19].